The market continued to flex its muscle on Wednesday, finishing the day higher across the board on an increase in volume. This is what you like to see in an uptrending market. I continue to see biotechs and select medicals outperform the market. The telcommunications sector has also been heating up recently.
My point I want to focus on tonight is Regulation FD. After reading IBD, I got to thinking how much I hate this stupid regulation. No matter what, whoever bought Enron, Global, Tyco, Adelphia, and others, were going to get hurt anyways. Sarbanes Oxley and Reg FD are not going to solve it. There was a time, before Reg. FD, where you could see a chart sell off slightly before the blowup-You still see it today, sometimes. Now what you have are implosions out of nowhere. Just going through my charts tonight, I notice tons of upside breakouts and downside breakouts from consolidation periods. These types of moves gives the investor no safe place to take an entry. If Reg. FD did not exist there would be more of an opportunity to jump on the breakouts before the breakaway gaps. Oh well, looks like government has helped us, once again, by interfering in our free markets.
Bottom line: ABRX!!!! where did Reg. FD and Sarbanes Oxley come into play with this one, for investors????
New Swing Longs: MWP VLFG CTEC BLT JVA HLND GNVC RGEN FON
Swing Longs Outperforming Market (Up 5%+): TGE CERS WVCM RATE GTF XWG TZIX SIRF NGAS QUIK GLW
Disaster DeJour of the Day: ILMN
New Swing Shorts: ENWV IRIS PHLY WCG RCL ROK BUD CAJ BYD
Aloha!
1 comment:
You don't get it dude. Sarbanes Oxley and Reg FD put teeth into the law so crook CEOs can be put into jail for ripping off the investors. If Reg FD interferes with your stock charts, well that's just tough. Free markets need rules. Just like a free society needs laws.
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